Fulton-Montgomery Community College Business Questions Worksheet

1.Provide an example of a product and of a service that has changed in the digital age. [Note: The work you do here may be helpful for your current events discussion question presented in the next unit.]

2.How might a city manager be thinking about digital transformation? Provide an example and rationale to your ideas here. [Hint: there are lots of products, services, and processes being changed in local government due to the digital era of opportunities. You may want to think about Smart Cities as you detail your post.]

3.If you were asked to summarize the critical aspects of project management work as it relates to Monitoring and Controlling a project, what would you say? Provide a brief overview of the importance of this phase of work, bullet point the key aspects of it, and outline recommendations you would have for PMs getting ready to start this phase of work.

Additionally, since communication is one of the most critical aspects of project execution, monitoring, and control, locate and share an article or resource on the topic of project communications. Why do you think communication is so critical for successful projects, and what can the project manager do to ensure effective communication?

4.If you were asked to summarize the critical aspects of project management work as it relates to Closing a project, what would you say? Provide a brief overview of the importance of this phase of work, bullet point the key aspects of it, and outline recommendations you would have for PMs getting ready to start this phase of work.

Additionally, review the resources provided in Unit 7 related to project management ethics and codes of conduct. Why do you think these issues are so important to project management success? Imagine you are a project manager who is faced with an ethical dilemma. What can you do to make sure your project lives up to ethical standards and adheres to PMI’s code of ethics (https://www.pmi.org/codeofethicsLinks to an external site.)?

5.As you think back over the key take aways you posted (and learned from other posts) list a summary of the 10 most critical success factors for project managers and their work. Share your perspective and rationale in an opening post and comment on at least two posts from peers.

6.Describe the difference between a balance sheet and an income statement in a healthcare setting?

How are each used to determine the HSO’s long terms and short term financial success?

Post your initial answer and remember to respond to your classmates by the unit. See the rubric for how the discussion will be evaluated.

7.Consider some of the most pressing issues in our communities today (homelessness, opioid abuse, racism, universal access to core services, and many more). How might the digital age (and leaders leading in the digital age) positively change, mitigate, or eliminate some of these issues? Select one issue and explain the possible positive affect the digital age may have on it. Support your post with academic or industry sources.

8.Capital investment decisions are often large investments in HSO’s ie: radiology equipment, surgical equipment, radiation therapy equipment.

• What categories do HSO’s classify capital projects into? And what is the advantage of doing so?
• Provide an example of return on investment (ROI)? In your own words, provide a hypothetical scenario for which an HSO’s will make a large capital investment which in turn will provide a high ROI.
  • IE: A local community hospital would like to open a radiation therapy center in order to provide cancer services to their patients locally. A radiation therapy center is an expensive initiative for this hospital; but the return on investment will be significant as the reimbursement for radiation services is high and the downstream revenue to the hospital for patients undergoing cancer treatment creates a large return on investment. 9.